DSCR Loans in Santa Fe County, New Mexico
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 71 lenders made 193 investment-property loans in Santa Fe County, 9.2% of New Mexico's total. Dominick Prevete arranges DSCR loans across Santa Fe County, New Mexico, qualified on the property's rent, not your tax returns. DSCR rental loans start from 7.25% (November 2026), and most close in 14 days. At HUD's fair market rent, a three-bedroom rental there covers its full payment up to a price of about $340,000.
Santa Fe County investor market at a glance
| Statistic | Santa Fe County | New Mexico | County rank |
|---|---|---|---|
| Investor loans | 193 | 2,102 | 3rd of 4 |
| Reporting lenders | 71 | 240 | 3rd of 4 |
| Loan volume | $86.6M | $528.0M | 2nd of 4 |
| Average loan | $449K | $251K | 1st of 4 |
| Median loan | $365K | $215K | 1st of 4 |
| Purchases | 58.5% | 56.5% | 3rd of 4 |
| Cash-out refinances | 20.2% | 25.1% | 3rd of 4 |
| 2–4 unit properties | 6.7% | 13.4% | 3rd of 4 |
| Top five lenders' share | 28.5% | 22.0% | 3rd of 4 |
| Reported business-purpose | 59.6% | 63.4% | 3rd of 4 |
Santa Fe County: closed-end loans on 1–4 unit investment properties. Santa Fe County's rank is highest first, among New Mexico's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Santa Fe County's investor loans.
What stands out in Santa Fe County
The median investor loan in Santa Fe County was $365K, the highest median of New Mexico's 4 counties with published data (statewide: $215K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
20.2% of Santa Fe County's investor loans were cash-out refinances, the lowest share of New Mexico's 4 counties with published data (statewide: 25.1%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
Does a DSCR loan pencil in Santa Fe County?
At HUD's fair market rent of $2,134 for a 3-bedroom in Santa Fe County, New Mexico, a rental covers its full DSCR payment up to a purchase price of about $340,000, with 20% down at the 7.25% starting rate (November 2026). Santa Fe County's median home value is $446,300; at that price the payment is $2,801 a month, so the property would need $2,825 in rent to cover it.
Coverage under 1.00 doesn't end the deal: the DSCR programs Dominick arranges go down to no-ratio, priced for the lower coverage, and a lower price or a larger down payment raises the ratio.
| HUD fair market rent, 2 / 3 / 4 bedroom (FY2027) | $1,735 / $2,134 / $2,280 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $446,300 |
| Median property taxes and effective rate | $2,152 (0.48% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,801 |
| Rent needed to cover that payment | $2,825 |
| Coverage of a 3-bedroom at fair market rent | 0.76 |
| Highest price a 3-bedroom at fair market rent covers | about $340,000 |
Fair market rent is HUD's 40th-percentile gross rent, including utilities; a property's appraised market rent can be higher or lower. Payment uses 20% down, a 30-year amortization at the published DSCR starting rate, the county's median effective property-tax rate and insurance at 0.50% of value. Purchase leverage goes up to 85% on qualifying files. This is an illustration, not a term sheet or an offer of credit.
Price your actual deal →Run Santa Fe County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Santa Fe County?
The most active investment-property lenders in Santa Fe County in 2025 HMDA data were UNITED SHORE FINANCIAL SERVICES, LLC; Waterstone Mortgage Corporation; and Rocket Mortgage, LLC, out of 71 lenders that reported. HMDA doesn't flag which loans were DSCR loans, so this list mixes DSCR and conventional investment-property lenders. Dominick Prevete places DSCR loans across 100+ lenders, including two that reported in Santa Fe County, and matches each file to the one most likely to fund it.
Santa Fe County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 193 loans and $86.6M from 71 lenders. UNITED SHORE FINANCIAL SERVICES, LLC led Santa Fe County with 16 loans, 8.3% of the county's total, and the average Santa Fe County loan of $449K compares with $251K across New Mexico.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| UNITED SHORE FINANCIAL SERVICES, LLC | 16 | $6.4M | $403K | 31.2% |
| Waterstone Mortgage Corporation | 14 | $5.4M | $388K | 85.7% |
| Rocket Mortgage, LLC | 10 | $3.2M | $324K | 70.0% |
| CROSSCOUNTRY MORTGAGE, INC. | 8 | $6.2M | $778K | 75.0% |
| Sunflower Bank, National Association | 7 | $3.4M | $489K | 42.9% |
| NUSENDA | 7 | $2.0M | $292K | 14.3% |
| Sunward Federal Credit Union | 6 | $2.2M | $370K | 50.0% |
| GUILD MORTGAGE COMPANY | 6 | $1.8M | $297K | 66.7% |
| Broker Solutions, Inc. | 6 | $1.3M | $218K | 50.0% |
| State Employees Credit Union | 5 | $0.6M | $123K | 20.0% |
| Nations Lending Corporation | 4 | $2.9M | $728K | 100.0% |
| LENDSURE MORTGAGE CORP. | 4 | $2.6M | $653K | 50.0% |
| AMERICAN HERITAGE LENDING, LLC | 4 | $1.7M | $430K | 75.0% |
| BOKF, National Association | 4 | $1.4M | $343K | 100.0% |
| LIMA ONE CAPITAL, LLC | 3 | $2.7M | $908K | 66.7% |
| MidFirst Bank | 3 | $2.6M | $858K | 66.7% |
| Loan Funder LLC | 3 | $1.6M | $542K | 100.0% |
| CHAMPIONS FUNDING, LLC | 3 | $1.4M | $472K | 33.3% |
| PLAZA HOME MORTGAGE, INC. | 3 | $1.4M | $462K | 66.7% |
| NexBank | 3 | $1.2M | $402K | 33.3% |
| Hometown Equity Mortgage, LLC | 3 | $1.2M | $392K | 66.7% |
| Enterprise Bank & Trust | 3 | $0.9M | $288K | 33.3% |
| 21st Mortgage Corporation | 3 | $0.3M | $105K | 100.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 2 | $1.5M | $760K | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | 2 | $1.4M | $715K | 0.0% |
40 New Mexico loans (1.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Santa Fe County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved October 31, 2026. How this data is built · Santa Fe County CSV, all 25 lenders
What Santa Fe County's table can't show you: fit. Short-term financing is exempt from HMDA, so Santa Fe County's fix-and-flip and bridge lenders barely appear among its 71 filers, and none of the 25 names above tells you whose guidelines match your deal, your entity, or your timeline. That's the job. Dominick Prevete structures your file and places it across 100+ lenders — including some on this list — so it lands with the one most likely to fund it.
Price your loan →National Loan Provider is an independent broker and maintains wholesale relationships with some listed lenders. Appearing in this table is not an endorsement or a recommendation.
Run the coverage test on your Santa Fe County, New Mexico deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Santa Fe County, New Mexico property's rent, loan, taxes and insurance to see where it lands.
Principal and interest on a thirty-year amortization, plus taxes, insurance and HOA.
Enter the rent, loan amount, rate, taxes and insurance to see the coverage ratio.
Sources
- CFPB / FFIEC HMDA Data Browser — Santa Fe County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 71 lenders and 193 loans: 2025 HMDA loan-level data rolled up to Santa Fe County.
- Santa Fe County investor-lender dataset (CSV) — All 25 lenders in the Santa Fe County, New Mexico table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Santa Fe County's 2-, 3- and 4-bedroom fair market rents in the rent math, and the 3-bedroom rent its highest-price figure uses: HUD's FY2027 figures for the Santa Fe, NM MSA.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Santa Fe County's median home value (B25077) and median property taxes paid (B25103) in the rent math, from the Census 2020–2024 ACS 5-year summary files.
- DSCR loan rates, Dominick Prevete — DSCR rental loans start from 7.25%, as of November 2026: the Instant Term Sheet's best-case scenario on the current rate sheets.